This property looks like a bad Airbnb investment with a projected -11.92% first-year return on $91,080 initial cash invested.
-11.92%
Cash On Cash
3.31%
Cap Rate
0.54
DSCR
$2,295
Rent
-$905
Cashflow
Cash Flow
$2,295 income − $3,200 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,295
Total Expenses
$3,200
Mortgage P&I
77%
$1,773
Property Taxes
9%
$203
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574